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Search Results 0 to 49 of about 66 (some duplicates have been removed)
MSNBC
Nov 11, 2012 9:00am PST
. i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was coming up, but interest rates have remained low and the stock
CNBC
Nov 8, 2012 6:00am EST
stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my question is let's say that it's not a bungee, let's say it's a rope. so you jump and then you -- that would be like hanging yourself. but you do possibly survive. but then you're all the way down there and then you don't know when someone's going to pull you back up. i think it might be more like that. if we go down, we may be d dangling for a while. >> once we go over the cliff, it's much more complicated. and you get rope burns, too. >> you can it. well, that's if it's not stretchy and it's just a rope,s's more than a burn. then you actually -- they pull you back up, but you're dead. and that could happen,
FOX News
Nov 12, 2012 8:00am PST
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
CNN
Nov 8, 2012 1:00pm PST
with john boehner, the senate republican leader mitch mcconnell. is he planning on sitting down with those two republican leaders any time soon? is the white house saying? >> reporter: there's nothing announced for a leaders meeting so far. but i am certain, wolf, that that will be coming because there's such important negotiations ahead. i'm told that the president's conversation with speaker boehner was courteous, it was brief. and i'm told that they also discussed the importance of keeping their public statements vague or general enough so that they leave themselves enough private negotiating room to get a deal done to avoid the fiscal cliff, wolf. >> that's probably smart too. thanks very much for that, jessica. let's dig a little bit deeper right now with our chief political analyst gloria borger. isn't his responsibility right now though to take the first step, offer a proposal to boehner, to mcconnell, to the republicans? we assume that the democrats, nancy pelosi would go along and harry reid would go along with the president. >> well, i think as jessica's saying, the president bel
FOX
Nov 9, 2012 7:00am PST
is expected to give congress about how to avoid that so-called fiscal cliff. also this morning, john boehner will be holding his own news conference. that one is at 8:00. he's expected to sell us the republican position about avoiding that cliff. boehner said he's "the most reasonable guy in washington." he believes he can find common ground with the president. >>> 7:04. they are still counting votes in florida from tuesday's election. but mitt romney's top campaign official in florida now says president obama will win the state. president obama leads romney in florida. the romney campaign in florida says it only expects the president's lead in the state to grow as more ballots are counted. president obama won the election even without florida's 29 electoral college votes. >>> schools are scrambling to readjust their budgets after the passing of the proposition in california. schools will receive $14 billion more over the next four years than they would have if the measure had failed. high-earning californians may have to recalculate their budgets. under prop 30, people making more than $250
MSNBC
Nov 12, 2012 11:00am PST
he does certainly from the far right of his party. you saw boehner say that the party wants to be led. they want to be led as americans, not republicans. again, i think you have somebody like bill crystal who comes out and says republicans need to be more flexible in terms of talking about tax reform. i think norquist in that clip showed a real misreading of what the election was really about. i prish his use of the word -- >> an odd choice of words. >> poopy head. >> they got a thumping here. this is the first president since ronald reagan to win the popular vote in two consecutive elections. they're trying to deny his legitimacy still. >> not all. >> grover norquist is. >> and speaker boehner has said they're ready to be led. >> thank god for one reasonable person. >> he says he's the most reasonable. >> we'll see what happens in january, though. he has that radical right wing tea party caucus to deal with in the house. i want to see them come to grips with reality. >> great pleasure having you both on. as people continue to suffer in the wake of hurricane sandy, thousands are homel
FOX News
Nov 8, 2012 3:00am PST
working across the aisle. yesterday john boehner said he would work. and harry reid mentioned he likes to dance but can fight. >> the american people have spoke yen they reelected president obama and again a republican majority in the house of representatives and there is a man date in yesterday's results it is a man date for us to work together on the solutions and challenges that we face as a nation. >> the american people us to work together . i know how to fight and i know how to dance. i don't dance as well as i fight but i would rather dance any time. the way to get things done to work at this time. we need republicans to help us. i repeat to have the leader of the republicans in the senate say his number one goal to defeat obama and that's how we legislated. >> steve: that was two days ago. come on and smell the poll results. say we hold a majority in the house of representative and so we have a man date as well >> gretchen: this is what the american people are so tired of. listening to the back and forth and back and forth and nothing gets done. nothing gets done. if you want m
FOX News
Nov 8, 2012 6:00am PST
the pipeline. mapped door budget cuts kick in in 54 days. house speaker john boehner says it is time for the president to lead. here he is is talking about that. >> mr. president, this is your moment. we're ready to be lead, not as democrats or republicans but americans. we want you to lead, not as a liberal or conservative but as president of the united states of america. we want you to succeed. bill: stuart varney, anchor of "varney & company", fox business network. the issues on the table are the same issues as monday. we want you to succeed by the way. what did you hear or what are you hearing based on the statements out of the washington now? >> three statements to listen to very carefully. speaker boehner, senate majority leader harry reid, and the big union boss, richard trumka. if you add them all together, tell you exactly what they said in a moment, add them all together the outlines of a deal would look like this. this is on the fiscal cliff. the outlines would possibly look like this. raise taxes, certainly raise tax revenues right now, beginning next year. promise to cut
FOX News
Nov 14, 2012 3:00pm PST
that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising
FOX
Nov 9, 2012 6:00am PST
fiscal cliff. and john boehner will hold his own news conference. that begins at 8:00. he's expected to lay out the republican position on avoiding this fiscal cliff. boehner says he is the most reasonable guy in washington and he believes he can find common ground with the president. >>> they're still counting votes from tuesday's election but mitt romney's top campaign official is saying president obama will win florida. president obama leads mitt romney in florida, 49.9% to 49.3%. the romney campaigns says it expects the president's lead to get bilgier as more of the votes are counted. president obama was reelected without florida's 29 electoral college votes. >>> back over to sal who's checking in on the south bay right now. >> that's right and in the southeast bay we've had rain and just some drizzle and we can see it on this picture i'm going to show you, 237 is a little bit wet there and as rosemary had said a cell moved through and you could give yourself extra time. one of the biggest things that gets people in trouble is stopping distance, you're driving along, something ha
CNBC
Nov 9, 2012 6:00am EST
of the white house at 1:05 eastern time. you can of course catch all of it right here on cnbc. john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013. and china's national congress continues with new leaders for the communist party set to be named later this morning. today a rising star said the party is moving towards requiring officials to their their assets. so an interesting piece in the chinese business press this morning. >> we have been talking about the fiscal cliff and -- >> we have? >> and yesterday somebody tweeted a new drinking game. every time they say fiscal cliff, you drink. they're right, but it's absolutely what matters. >> look at the stoc
CSPAN
Nov 13, 2012 6:00am EST
of a change. john boehner will be the speaker of the house, you know, unless something unforeseen happens in the next few weeks. he will be, he will keep the reign. the republicans gained, you know, a few seats, but that's not really going to effect his shot. he ran unopposed in ohio for his own race, and the defining conflict of the republican conference in the 112th congress, this sort of conflict between eric cantor, the majority leader, and john boehner, the speaker, is really behind them at least, you know, from everything that we have seen. the -- so that is remarkably stable, the first three positions. john boehner will be, you know, the next speaker, eric cantor will be the majority leader, and kevin mccarthy will be the majority whip. where it starts to get interesting is for the conference chairman position. this is currently held by jeb hensarling who is making a bid to be the financial services chairman. hensarling has been a sort of rising star for a while within republican ranks. he was a republican study committee chairman which is sort of the top conservative position in r
NBC
Nov 11, 2012 3:30pm PST
of whom live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. instead he would close loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: failure to agree by the end of the year would trigger a combination of deep spending cuts and expiring tax cuts. that could mean an estimated $2,000 more in taxes next year for the typical household. the jobless rate soaring to 9.1% by the end of the year. and possibly another recession. boehner and the president were close to a deal last year. the so-called grand bargain. $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress
NBC
Nov 10, 2012 5:00am PST
in our nation's capital. president obama and house speaker john boehner appear to be drawing lines in the sand over that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year. if washington can't find a compromise. that could have a big impact on your bottom line. we'll get you more on that in just a moment. >> also it sounds a bit crazy but apparently it's real. you'll meet some people who are addicted to the internet. >> plus with prices skyrocketing at the supermarket, as i'm sure you've noticed, every penny counts. we have some tips on stretching your dollars by making your everyday groceries last just a little bit longer. and speaking of money, some high profile women including the duchess of cambridge and first lady michelle obama, making it fashionable to recycle outfits. we'll tell you about the message it's sending to the rest of the world. >> i'll fess up, i wore this suit six weeks ago. all right we've dealt with it. and we'll introduce you to a true wonder dog. a poodle mix who was rescued from a trash heap, blind, and ver s
ABC
Nov 8, 2012 7:00am PST
for democrats, a humbled speaker of the house, john boehner, struck a conciliatory tone. after keeping control of the house, but losing seats. he signaled a possible willingness to compromise on taxes and extended an olive branch to the president. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. let's rise above the dysfunction and do the right thing together for our country. >> reporter: rush limbaugh almost seemed at a loss of words when describing the republican defeat. >> i went to bed last night thinking, we're outnumbered. i went to bed last night thinking we've lost the country. >> reporter: as returns were still rolling in, sarah palin seemed stunned. >> unfortunately, we know what we will get with four more years of obama. this really is a catastrophic setback to our economy. it's a perplexing time for many of us right now. >> reporter: in high-profile races from the top on down, it was a night of republican concession speeches. >> i pray that the president will be successful in guiding our nation. >> she won it fair and
CBS
Nov 8, 2012 7:00am PST
the increased revenue comes from and what type of reform comes with it. >> but boehner shot down the idea of tax increases specifically targeting the rich something the president insisted on during his campaign. earlier in the day, the top democrat in the senate implied that any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: now exit polls from tuesday showed that voters side with the president on the tax issue. 47% of voters said that taxes should increase for people making more than $250,000 a year. 13% said that they should increase for everyone. administration sources say that there's speculation and they won't confirm it, but there's likely to be a meeting between the president and congressional leaders soon, maybe even next week. norah, charlie? >> bill thank you very much. wall street opens slightly higher this morning after a big sell off wednesday. the dow jones industrials lost 313
NBC
Nov 10, 2012 7:00am EST
. president obama and house speaker john boehner appear to be drawing lines in the sand on that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year if they can't find a compromise. >>> also, it sounds crazy, but apparently it's real. you'll meet some people who are addicted to the internet. >>> and with prices skyrocketing at the super market, we have tips on stretching your dollar and making your groceries last longer. >>> and speaking of money, famous women making it fashionable to recycle outfits. >>> i wore this suit six weeks ago, okay? >> and a poodle mix that was rescued from a trash heat and who is blind. i watched this piece earlier today, it brings tears to your eyes. >>> we begin this morning with the scandal that cost cia director david petraeus his job. >> good morning to you erica, this stunning news comes on the heels of the president's triumphant reelection. he lead combat forces in iraq and afghanistan and was considered one of the top leaders of his generation. sources say his reputation was sterling. he was known for putting co
CBS
Nov 8, 2012 7:00am EST
comes from and what type of reform comes with it. >> reporter: but boehner shut down the idea of targeting increasing taxes on the rich. the top democrat in senate implied any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: exit polls from tuesday show voters side with the president on the tax issue. 47% of voters said that taxes should increase for people make being more than $250,000 a year. 13% said they should increase for everyone. the administration and sources say there's speculation and they won't confirm it but likely to be a meeting between the president and congressional leaders soon maybe even next week. >> bill, thank you very much. the fiscal cliff was one of the issues behind wednesday's selloff. the dow jones industrials lost 313 points. worst day the year, the index fell below 13,000 for the first time in two months. rebecca jarvis is watching the countdown to the fiscal cliff for us. goo
FOX News
Nov 12, 2012 6:00am PST
seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i don't want to prejudge the discussions. i think that the speaker's comments have been encouraging and there is obviously money to be gained by closing some of these, closing some of these loopholes and applying them to deficit reduction. there are a lot of ways to skin this cat. gregg: illinois congressman peter roskam joins us. he is on the house ways and means committee. he joins us from chicago. good to see you. house speaker boehner says he will oppose any increase in tax rates. and the white house said on friday, and i will read this directly, the president will veto any bill that includes an extension of the current tax rates for those earning more than $250,000 a year. so congressman, where is the come promize? >> i think the best predictor of future behavior is past behavior. we've heard this language coming from the white house before. we hea
CNBC
Nov 12, 2012 4:00am EST
'll play their hand i think to their full advantage. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the election. so what we've already seen is speaker boehner talking to republicans in the house, putting his foot down early and saying we're not going to have that same push back we saw. instead, i'm going to tell you what we're going to do and what this deal is going to look like and you'll fall into line. >> he got criticism because he negotiated a deal and then went back and tried to sell to the party. does he naed to do he need to d way around, get a set position and then go into discussions? >> i think that is the thinking this time around. and he has certainly recog
CBS
Nov 12, 2012 7:00am EST
the nation's debt crisis. but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who voted democratic and half who live in hollywood. >> administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up and spending be cut. if he can't get the deal he wants. >> bill plante in washington. thank you. later this morning we'll ask conservative activity jaft grover norquist if republicans are backing away from his no tax increase pledge. >> two weeks ago sandy battered the northeast. hundreds of homes and businesses have no power. most on long island. the governor of new york is calling for an investigation as
FOX Business
Nov 14, 2012 11:56am EST
provisions giving you 1.6. the starting point for the administration. john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on
FOX News
Nov 8, 2012 3:00pm PST
with the republican speaker john boehner signaling he may be ready for a deal. so conservatives are warning while the president does not have to face the voters again, congressional democrats will in two years. tax hikes could come back to haunt them. >> i think he is going to require increase in tax rate on wealthy. that is his downfall. that is just makes no sense whatsoever. the wealthy are the people who hire everyone else. you can't love jobs and hate job creators. >> white house officials note the president campaigned on raising taxes and he won so he thinks he can sell it to the congressional democrats. meanwhile, the white house officials tonight say he will make the first post-election statement at the white house. tomorrow afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls
FOX
Nov 9, 2012 5:00am PST
, republican house speaker john boehner will hold his own news conference. he's expected to tell us the republican position on avoiding the fiscal cliff. boehner says he's the most reasonable guy in washington and believes he can find common ground with the president. >>> they are still counting votes in florida from tuesday's election, but mitt romney's campaign advisor says president obama are will win the state. the romney campaign in florida says it only expects the president's lead in the state to grow as more ballots are counted. president obama of course won the election without florida's 29 electoral votes. >>> time 5:07. we have rain and wet roads and sal we have crashes. i don't think you're going to have friday light today. >> i'm still hoping but i think you might be right dave and pam. you should be especially careful on your way to work today. a ktvu photographer actually took some video of someone driving in the rain and this photographer, our photographer was driving out actually early, pounding rain on 880 a few hours ago. chp warns there are shrieky slick -- slick
FOX News
Nov 15, 2012 6:00am PST
they will or will not go on this issue. house speaker john boehner says he believes they can reach a deal. >> i don't think anyone, on either side of the aisle under estimates the difficulty that faces us. but i do think the spirit of cooperation that you've seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, i remain optimistic. i was born with a glass half-full. >> what i have told leaders privately as well as publicly, is that we can not afford to extend the bush tax cuts for the wealthy. what we can do is make sure that middle class taxes don't go up. 98% of americans are not going to see their taxes go up. 97% of small businesses are not going to see their taxes go up. if we get that in place, we are actually removing half of the fiscal cliff. martha: doug schoen, former pollster to president bill clinton. monica crowley, radio talk show host. both are fox news contributors and what i'm hearing through both of those quotes we're pretty much where we were the last time that the president and john boehn
MSNBC
Nov 8, 2012 2:30am PST
jobs. house speaker john boehner said under the right conditions republicans would consider new sources of raising revenue, but only if the president took an inclusive approach. >> mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. we want you to lead, not as a liberal or conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> senate majority leader harry reid said he was open to bargaining. >> we can achieve big things if we work together. that's what the american people said last night in a big way. i'm going to do everything within my power to be as conciliatory as possible. i want to work together, but i want everyone to also understand you can't push us around. we want to work together. >> a lot of people on both sides saying the right things in the days after the election. we'll see how long it lasts and if it leads to a deal on this imp
CNBC
Nov 13, 2012 4:00am EST
candidates. but romney was beaten with a tax plan not dissimilar from the one boehner is currently pushing which is we won't allow taxes to go up, but we will close loopholes and romney lost on that. so there is a sense that obama for the short term has won the argument. >> granted it's a huge issue, but how many people was this election really a verdict on their tax plans? >> well, the argument is that romney often polled very well on competence in the economy, but obama polled much better on understands the needs of people like me. so there's a sense that if it comes down to class and empathy, the democrats have momentum here and the republicans are on the back foot. so in that sense, i think obama has an advantage. on the other hand republicans do have a good case to make when it comes to taxes because something that's not often discussed is that the costs of obama care will start to kick in in 2013. one example, businesses which hire 50th notice ewill face a fine of $40,000 if they don't take on government approved health care insurance. so republicans can argue that when we approach t
ABC
Nov 15, 2012 7:00am PST
boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill for republicans to swallow. speaker boehner has called raising tax rates on anybody unacceptable. but he hasn't ruled out limiting deductions and closing loopholes. and that could be the outline of a possible deal. >> if you looked closely at what the president had to say, looked closely at what i have had to say, there are no barriers here to sitting down and beginning to work through this process. >> reporter: but if they don't come to a resolution, beginning january 1st, the economy could be thrown back into recession. and households making $70,000 a year could see their taxes increase over $4,000. the president said he is open to new ideas. and if republicans have a way to raise taxes on the wealthy without raising rates, he wouldn't slam the door on them. george? >> the dancing begins. jon, thanks very much. >>> let's get to josh and the mounting violence in the middle east. >> as we all slept, we're going to b
FOX Business
Nov 8, 2012 5:00pm EST
, boehner or obama don't make a deal, that could crimp short sales and decrease supply and put downward pressure. melissa: stephen, thanks for joining us. it is a daring heist that could make bonnie & clyde proud. how everything from motorcycles to axes used in a multimillion-dollar mall robbery. have you seen this video? it's crazy. you can never have too much money. apparently that's what these guys think. ♪ . 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon verizon. more 4g lte coverage than all other netwos combined. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, th
NBC
Nov 12, 2012 4:00pm EST
elected us to focus on your jobs. not ours. >> reporter: the president and house speaker john boehner each are drawing a line in the sand over letting the bush era tax cuts expire for americans making more than $250,000 a year. >> instead of raising tax rates on the american people, accepting the damage it will do to our economy, let's start to actually solve the problem. >> reporter: the speaker wants a tax overhaul that raises money by cutti't hammer out a deal by year's end, the nation goes over the so-called fiscal cliff. taxes go up for everyone. an average of almost $3,500 per househo household. republicans say they want the president to address the real problem. >> and the real problem is uncontrolled entitlement spending, and a government that has grown massively. >> reporter: democrats say republicans are going to have to compromise. just like the president and his party did after getting walloped in the 2010 elections. >> we cut $900 billion in spending that we didn't like, painful to us. >> reporter: in washington, a high stakes search for middle ground. the president and the sp
PBS
Nov 14, 2012 5:30pm PST
a tax increase. if speaker boehner says i'll go along with that, that's where we'll start. i think e converti is under way for a solution. >> ifill: senator durban, are you kicking the can down the road by only talking about the tax ruts and not talking about the spending cuts as well? >> let me tell you something, i was on the bowles simpson commission, i voted for it, bipartisan commission that included spending cuts as well as revenue increases. i know that to reach four or five trillion dollars in deficit reduction you need to put everything on the table. not just taxes for the wealthy. that's an important piece of it, but it isn't all of it. you ed much mor >> the president said today in his news conference that he was very familiar with the literature on the overreach of presidents in their second term or their potential for overreach. do you think that's a possibility here? do you see that? we have heard, for instance, republicans say, hey, we can talk about immigration now. is it possible that some things actually are in reach? >> oh, i do think -- i think immigration reform
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